Employee perks and salaries seem much easier to cut than to increase. Given enough time, especially if a business goes through struggles, things end up down hill. But also, I think your implied premise is flawed. The goal is to run a successful company, and unfortunately happy workers don't factor much into the success, not always. Mediocre, unhappy workers are much easier to come by. If you can structure your business to run well on those that might actually be optimal for the bottom line, and that's really all that matters on the stock market.
> If you can structure your business to run well on those that might actually be optimal for the bottom line, and that's really all that matters on the stock market.
That is, in my experience, how a lot of brick&mortar commodity stores - grocery stores, clothing stores, etc. - run in my home town (Kraków, Poland). The infinite source of disposable workers is the population of fresh undergrads that come to the city to study.